BRC Inc.: which funds bought and sold

Institutions that bought and sold BRC shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 81 institutions that filed 13F reports for both quarters added to or opened positions in BRC, and 45 cut or closed them. Together they sold a net 835K shares, −1.3% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 5.4M shares (−18.2%); index fund managers were net buyers of 1.0M shares (+6.7%). 25 opened a new position and 13 sold out entirely.

Bought, Q2 2026 81 institutions, 25 of them new holders Sold, Q2 2026 45 institutions, 13 of them sold out

Net change, all compared −835K shares (−1.3%)

Net change, active managers −5.4M shares (−18.2%), 17 bought, 5 sold

Buyers versus sellers

institutions compared, 161

81 bought 35 45 sold

Active managers and hedge funds 17 bought · 5 sold · −5.4M

Index fund managers 5 bought · 6 sold · +1.0M

Other institutions 59 bought · 34 sold · +3.6M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Essex Investment Management Co LLC	+2.6M New position	2.6M	$2.9M
Vanguard Capital Management LLC Index funds	+733K +24.5%	3.7M	$4.1M
Nuveen, LLC	+703K +439.2%	863K	$958,444
Cresset Asset Management, LLC	+622K +12.1%	5.8M	$6.4M
Banco Santander, S.A.	+559K New position	559K	$620,917
Citadel Advisors LLC Hedge fund	+478K +1517.8%	509K	$565,191
Sei Investments Co	+405K New position	405K	$449,310
Blackrock, Inc. Index funds	+388K +6.7%	6.2M	$6.8M
Jane Street Group, LLC	+230K +48.6%	703K	$780,525
AQR Capital Management LLC Hedge fund	+230K +27.2%	1.1M	$1.2M
Algert Global LLC Hedge fund	+198K New position	198K	$219,414
Gsa Capital Partners LLP	+195K +830.4%	218K	$242,000
Centiva Capital, LP Hedge fund	+184K New position	184K	$204,607
State Street Corp Index funds	+178K +15.1%	1.4M	$1.5M
Marshall Wace, LLP Hedge fund	+149K +119.1%	274K	$304,235
Renaissance Technologies LLC Hedge fund	+101K +33.9%	400K	$444,041
Graham Capital Management, L.P. Hedge fund	+88K +278.4%	119K	$132,596
Lotus Technology Management, LP	+86K New position	86K	$95,346
UBS Group AG	+81K +12.0%	754K	$837,302
Coyle Financial Counsel LLC	+79K New position	79K	$88,128

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Citadel Advisors LLC Hedge fund	+478K +1517.8%	509K	$565,191
AQR Capital Management LLC Hedge fund	+230K +27.2%	1.1M	$1.2M
Algert Global LLC Hedge fund	+198K New position	198K	$219,414
Centiva Capital, LP Hedge fund	+184K New position	184K	$204,607
Marshall Wace, LLP Hedge fund	+149K +119.1%	274K	$304,235
Renaissance Technologies LLC Hedge fund	+101K +33.9%	400K	$444,041
Graham Capital Management, L.P. Hedge fund	+88K +278.4%	119K	$132,596
Quadrature Capital Ltd Hedge fund	+68K New position	68K	$75,924
Bridgeway Capital Management, LLC Active manager	+50K +38.0%	182K	$201,465
Point72 Asset Management, L.P. Hedge fund	+37K New position	37K	$41,274

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Alyeska Investment Group, L.P. Hedge fund	−5.7M −59.2%	3.9M	$4.4M
Zazove Associates LLC	−1.5M −60.2%	1.0M	$1.1M
FMR LLC Active manager	−1.3M −97.1%	38K	$42,283
Qvidtvm Management LLC	−448K −13.2%	3.0M	$3.3M
Geode Capital Management, LLC Index funds	−179K −7.8%	2.1M	$2.3M
Nantahala Capital Management, LLC Hedge fund	−116K −4.4%	2.5M	$2.8M
Xtx Topco Ltd	−105K −53.7%	90K	$100,334
Modera Wealth Management, LLC	−100K Sold out	0	—
Bank Of America Corp	−90K −63.1%	52K	$58,180
Northern Trust Corp Index funds	−66K −9.2%	655K	$726,600
Susquehanna International Group, LLP	−53K −34.2%	102K	$113,231
Nine Masts Capital Ltd	−48K Sold out	0	—
Exoduspoint Capital Management, LP Hedge fund	−41K Sold out	0	—
Vanguard Fiduciary Trust Co Index funds	−38K −5.9%	617K	$684,757
Goldman Sachs Group Inc	−28K −2.5%	1.1M	$1.2M
Manufacturers Life Insurance Company, The	−27K Sold out	0	—
LPL Financial LLC	−26K −19.3%	111K	$123,183
Kestra Advisory Services, LLC	−25K −36.5%	44K	$48,650
Crewe Advisors LLC	−20K Sold out	0	—
Morgan Stanley	−20K −29.1%	48K	$53,480

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Alyeska Investment Group, L.P. Hedge fund	−5.7M −59.2%	3.9M	$4.4M
FMR LLC Active manager	−1.3M −97.1%	38K	$42,283
Nantahala Capital Management, LLC Hedge fund	−116K −4.4%	2.5M	$2.8M
Exoduspoint Capital Management, LP Hedge fund	−41K Sold out	0	—
Intech Investment Management LLC Active manager	−3,795 −15.4%	21K	$23,090

New positions

largest by value

Institution	Shares	Value June 30, 2026
Essex Investment Management Co LLC	2.6M	$2.9M
Banco Santander, S.A.	559K	$620,917
Sei Investments Co	405K	$449,310
Algert Global LLCHedge fund	198K	$219,414
Centiva Capital, LPHedge fund	184K	$204,607
Lotus Technology Management, LP	86K	$95,346
Coyle Financial Counsel LLC	79K	$88,128
HRT Financial LP	73K	$81,000
Quadrature Capital LtdHedge fund	68K	$75,924
Point72 Asset Management, L.P.Hedge fund	37K	$41,274

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Modera Wealth Management, LLC	100K	$77,620
Nine Masts Capital Ltd	48K	$36,951
Exoduspoint Capital Management, LPHedge fund	41K	$31,958
Manufacturers Life Insurance Company, The	27K	$21,275
Crewe Advisors LLC	20K	$15,524
Cetera Investment Advisers	11K	$8,236
Advisory Services Network, LLC	3,201	$2,485
Owl Creek Wealth Partners LLC	2,170	$1,685
Magnolia Wealth Management, LLC	1,828	$1,419
Nbt Bank, N.A.	575	$446

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 148
Ten largest holders: 72.9%
Index fund managers: 25.9%
Active managers and hedge funds: 39.2%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	17	5	6	1	−5.4M	−18.2%
Index fund managers	5	6	0	0	+1.0M	+6.7%
Other institutions	59	34	19	12	+3.6M	+19.7%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on BRC.

Only managers that filed a holdings report for both quarters are compared (161 here). 4 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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